Interim Union Budget 2014-15

The Union Finance Minister P. Chidambaram presented the Interim Budget 2014-15 in the Lok Sabha with an estimated plan expenditure of Rs. 5,55,322 crore and non-plan expenditure of Rs. 12,07,892 crore. Excise duty on cars, two-wheelers, SUVs and capital goods and consumer durables has been slashed to boost the manufacturing and growth. There is no change in income tax rates.

Important points of the Union Budget 2014-15

Focus: On manufacturing and manufacturing exports.

Fiscal deficit for FY14 to be contained at 4.6% of GDP; FY15 target at 4.1 %